HSBC Holdings plc (HSBA) Price Target Cut to GBX 700
HSBC Holdings plc (LON:HSBA) had its price target reduced by Deutsche Bank AG from GBX 737 ($9.73) to GBX 700 ($9.24) in a research report report published on Tuesday morning, Marketbeat reports. They currently have a hold rating on the financial services provider’s stock.
A number of other equities analysts also recently issued reports on HSBA. UBS Group AG (USA) set a GBX 725 ($9.57) price objective on shares of HSBC Holdings plc and gave the company a neutral rating in a research note on Monday, October 30th. J P Morgan Chase & Co set a GBX 690 ($9.11) price objective on shares of HSBC Holdings plc and gave the company a neutral rating in a research note on Thursday, August 10th. Goldman Sachs Group, Inc. (The) set a GBX 790 ($10.42) price objective on shares of HSBC Holdings plc and gave the company a neutral rating in a research note on Friday, August 11th. Barclays PLC reiterated a hold rating and set a GBX 600 ($7.92) price objective on shares of HSBC Holdings plc in a research note on Wednesday, September 27th. Finally, Berenberg Bank reiterated a hold rating and set a GBX 600 ($7.92) price objective on shares of HSBC Holdings plc in a research note on Thursday, September 28th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 716.80 ($9.46).
HSBC Holdings plc (LON HSBA) traded up GBX 5.40 ($0.07) during trading hours on Tuesday, reaching GBX 738.10 ($9.74). The company’s stock had a trading volume of 19,977,022 shares, compared to its average volume of 21,240,000. HSBC Holdings plc has a 52 week low of GBX 518.17 ($6.84) and a 52 week high of GBX 772 ($10.19).
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The business also recently declared a dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, October 12th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a dividend yield of 1.01%.
In other news, insider Stuart Thomson Gulliver sold 138,143 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of GBX 732 ($9.66), for a total value of £1,011,206.76 ($1,334,397.94). Also, insider Douglas J. Flint acquired 58 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was acquired at an average price of GBX 724 ($9.55) per share, for a total transaction of £419.92 ($554.13). In the last ninety days, insiders acquired 17,182 shares of company stock valued at $12,662,261.
HSBC Holdings plc Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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